Zomato vs Swiggy Macquarie Report
Attaching report from Macquarie on the Zomato vs Swiggy battle
VGood report, but all of these reports still miss the big pictyue on supply chain unit economics. For this model to be sustainable in the long run, the entire supply chain has to be profitable.
The dark stores not being on the balance sheet of the companies, ends up skewing the perception of whether this is sustainable.
Eventually without a reliable distribution chain, the model falls apart.
The dark stores not being on the balance sheet of the companies, ends up skewing the perception of whether this is sustainable.
Eventually without a reliable distribution chain, the model falls apart.
CAdding another Swiggy report by JM Financial. Haven't gone through it yet.
Swiggy_IC_13Nov24.pdf2.16MB
VRelated take on Doordash unit economics. Dated, but relevant https://www.nongaap.com/p/would-you-like-to-add-tax-with-that
How DoorDash's Breakthrough Unit Economics May Break The Company
